Welcome to our dedicated page for Pasofino Gold news (Ticker: EFRGF), a resource for investors and traders seeking the latest updates and insights on Pasofino Gold stock.
Pasofino Gold Limited (EFRGF) is a mineral exploration company advancing the Dugbe Gold Project in Liberia through systematic drilling and geophysical analysis. This page provides centralized access to all official corporate announcements, technical updates, and financial disclosures.
Investors and researchers will find timely updates on exploration progress, including diamond core drilling results, resource estimates, and operational developments. The repository maintains press releases related to strategic partnerships, regulatory milestones, and community engagement initiatives essential for assessing project viability.
Content spans permit acquisitions, assay results from the Dugbe Gold Project’s Birimian Supergroup targets, and corporate financial reporting. Each update is presented in its original form to preserve regulatory compliance and informational integrity.
Bookmark this page for direct access to Pasofino’s verified news stream, or check regularly for developments impacting gold exploration activities in West Africa’s emerging mining jurisdictions.
Pasofino Gold (EFRGF) has entered into a binding Co-operation Agreement with its 50.8% shareholder Hummingbird Resources PLC (HUM) and Nioko Resources. The agreement includes a Board reconstitution with three HUM nominees and three Board nominees, and plans to terminate the company's shareholder rights plan.
The company will seek to raise approximately US$10 million in 2025 and US$15 million in 2026 to update the Dugbe Gold Project Feasibility Study and commence pre-construction activities. HUM has agreed to participate pro-rata as the lead order in these financings.
Key terms include terminating the current strategic review process, completing a revised Feasibility Study within 12 months, and a standstill period until October 31, 2026. The Dugbe Gold Project currently showcases 2.76Moz in reserves with a 3.5-year capex payback period and 14-year mine life.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) has provided an update regarding its shareholder rights plan. The company has submitted an undertaking to the Ontario Securities Commission (OSC) stating it will not permit any rights under the Rights Plan to become listed and exercisable before 5:00 p.m. (ET) on April 15, 2025.
A similar undertaking was provided to Hummingbird PLC, who in return agreed not to initiate any proceedings against Pasofino (including its directors, officers, or shareholders) before 5:00 p.m. (ET) on March 31, 2025. The company owns 100% of the Dugbe Gold Project through its wholly-owned subsidiary, subject to the Government of Liberia's 10% carried interest.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) has provided an important update regarding its shareholder rights plan. The company has submitted an undertaking to the Ontario Securities Commission (OSC) stating that until March 31, 2025 at 5:00 p.m. (ET), or until the OSC revokes the undertaking, Pasofino will not activate any rights granted under the Rights Plan or allow such rights to become listed and exercisable.
The company, through its subsidiary, maintains 100% ownership of the Dugbe Gold Project, subject to the Government of Liberia's 10% carried interest.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) announced the resignation of two board directors, Mr. Dan Betts and Mr. Hill, who were nominees of Hummingbird Resources PLC. The company also disclosed that Nioko Resources 's acquisition of Hummingbird control on January 7, 2025, triggered a termination right for APG AUS NO 5 PTY regarding the Net Smelter Returns Royalty Deed.
If the Royalty Holder exercises their termination right within 6 months of receiving notice, Pasofino Liberia must pay a US$15 million termination fee within 9 months. Hummingbird and ARX Resources are jointly liable for this payment. Pasofino expects Nioko or Hummingbird to pay the fee since their actions triggered the termination right, though there's no guarantee of payment.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) has provided an important update regarding its shareholder rights plan. The company has submitted an undertaking to the Ontario Securities Commission (OSC) stating it will not take any further steps to implement or facilitate the exercise of rights under the Rights Plan.
This undertaking remains in effect until either 5:00 p.m. (ET) on March 17, 2025 or until the OSC revokes it. The company, through its subsidiary, maintains 100% ownership of the Dugbe Gold Project (subject to the Government of Liberia's 10% carried interest).
Pasofino Gold (EFRGF) has announced that Nioko Resources has acquired control of Hummingbird Resources PLC through a subscription option completed on January 7, 2025. This acquisition is viewed by Pasofino's board as an indirect take-over bid of the company.
The board has determined that this acquisition triggers a flip-in event under Pasofino's shareholder rights plan, as Hummingbird owns over 50% of Pasofino's shares. As a result, shareholders (excluding Hummingbird) can exercise rights to acquire 629.92 Pasofino shares at C$0.1428 per share.
Additionally, Hummingbird has proposed replacing board members Dan Betts and Tom Hill with Geoff Eyre and Oumar Toguyeni, though formal resignation letters are pending. The company reports strong third-party interest in its Dugbe Gold Project, including potential partnerships and acquisitions, with CEO Brett Richards stating the current market valuation is significantly undervalued.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) has announced its participation in the upcoming Prospector and Developers Association of Canada (PDAC) convention, scheduled for March 2nd - 5th, 2025, in Toronto, Ontario. CEO Brett A. Richards will be attending the four-day event, which will include meetings, networking opportunities, and presentations focused on the company's Dugbe Gold Project.
FAQ
What is the current stock price of Pasofino Gold (EFRGF)?
What is the market cap of Pasofino Gold (EFRGF)?
